Packaged consumer goods company Lotus Herbals has acquired a 20 per cent stake in Gurugram-based startup Yogic Secrets Healthcare for an undisclosed amount. According to a joint statement, Yogic Secrets Healthcare, which deals in research-based nutraceutical products, would expand its operations in India utilizing the funds collected from Lotus Herbals’ family office.
Additionally, it added that this would aid in broadening horizons in international markets such as the USA, UK, and Australia.
Anil Khandelwal founded Yogic Secrets Healthcare in 2018.
“With the Lotus Herbals investment opening new horizons, we see a tremendous possibility of catapulting us towards our vision to provide preventive, palliative and curative healthcare,” Khandelwal said.
Lotus Herbals operates in the natural personal care and cosmetics space, with seven brands and more than 12 sub-brands.